City
Epaper

UN sends $32 mn in cash to Afghanistan

By IANS | Updated: January 21, 2022 08:35 IST

Kabul, Jan 21 Da Afghanistan Bank (DAB), the central bank of the country, has announced that the UN ...

Open in App

Kabul, Jan 21 Da Afghanistan Bank (DAB), the central bank of the country, has announced that the UN has sent $32 million in cash to the war-torn nation as part of the world body's humanitarian aid assistance, the media reported.

In a statement, the DAB said that the money was delivered to Afghanistan International Bank (AIB) on Thursday, reports Khaama Press.

Welcoming the UN aid, the DAB said the money is part of a process based on which the UN will provide $20 million weekly until March to the country.

"This will definitely help the fragile economic and banking systems of Afghanistan that are feared to be collapsing," it added.

On the other hand, economic analysts have said that unless the injection of dollars to Afghanistan's market, the country's local currency, Afghani, will further depreciate.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: KabulAfghanistanDa afghanistan bankun
Open in App

Related Stories

MumbaiMumbai’s Efforts Lead to UN’s Permanent Consumer Protection Mechanism in Geneva

Other SportsTaliban Bans Chess in Afghanistan, Calling It a Form of Gambling Under Sharia Law

International"I Wish To See His End": Former LeT Member Exposes Hafiz Saeed’s Deadly Agenda

International"World Cannot Afford Another Conflict": UN Urges Restraint as India-Pakistan Tensions Rise

InternationalEarthquake in Afghanistan: Quake of Magnitude 5.9 Strikes Hindu Kush Region; Tremors Felt in Delhi-NCR

International Realted Stories

InternationalEarly signs India may recalibrate its strategic posture post US tariffs: Report

InternationalBaloch human rights activist urges Trump to reconsider US ties with Pakistan

InternationalMan charged with murder of Indian student Harsimrat Randhawa in Canada, arrested

InternationalIsraeli PM Netanyahu meets Indian envoy, vows to deepen strategic ties

InternationalSouth Korea: Unification Church leader's aide appears for questioning over ex-first lady allegations